Bowery Farming, a leading agtech unicorn, is shutting down after struggling to maintain growth despite raising over $700 million in funding, showcasing the challenges in vertical farming.
Despite the hype surrounding vertical farming and raising significant venture capital, Bowery Farming's closure highlights the industry's ongoing struggles, as evidenced by recent bankruptcies of companies like AeroFarms and AppHarvest.
As vertical farming increasingly becomes a challenging sector, Bowery Farming's shutdown serves as a wake-up call that even well-funded startups must navigate a volatile market to succeed.
The tough landscape for vertical farming is underscored by Bowery Farming's struggles and the previous bankruptcies of others in the field, emphasizing the need for sustainable business models.
Collection
[
|
...
]